SKWD vs. SLV
SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 3 years, SKWD returned 23.90%/yr vs 45.73%/yr for SLV. At a 0.01 correlation, their price movements are largely independent.
Performance
SKWD vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, SKWD achieves a -13.85% return, which is significantly lower than SLV's 3.97% return.
SKWD
- 1D
- 3.04%
- 1M
- 0.23%
- YTD
- -13.85%
- 6M
- -7.34%
- 1Y
- -30.62%
- 3Y*
- 23.90%
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- 1.16%
- 1M
- 1.62%
- YTD
- 3.97%
- 6M
- 29.40%
- 1Y
- 113.72%
- 3Y*
- 45.73%
- 5Y*
- 21.04%
- 10Y*
- 15.63%
SKWD vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKWD Skyward Specialty Insurance Group Inc. Common Stock | -13.85% | 1.13% | 49.17% | 77.38% |
SLV iShares Silver Trust | 3.97% | 144.66% | 20.89% | -2.46% |
Correlation
The correlation between SKWD and SLV is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2023 | 0.01 |
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Return for Risk
SKWD vs. SLV — Risk / Return Rank
SKWD
SLV
SKWD vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and iShares Silver Trust (SLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SKWD | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.69 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.26 | 5.76 | -7.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKWD | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | 1.94 | -2.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.25 | +0.58 |
Drawdowns
SKWD vs. SLV - Drawdown Comparison
The maximum SKWD drawdown since its inception was -36.52%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for SKWD and SLV.
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Drawdown Indicators
| SKWD | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -76.28% | +39.76% |
Max Drawdown (1Y)Largest decline over 1 year | -34.46% | -42.45% | +7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -36.52% | -42.45% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.81% | — |
Current DrawdownCurrent decline from peak | -32.26% | -36.57% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -44.67% | +33.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.84% | 19.81% | +5.03% |
Volatility
SKWD vs. SLV - Volatility Comparison
The current volatility for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) is 10.45%, while iShares Silver Trust (SLV) has a volatility of 16.34%. This indicates that SKWD experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKWD | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 16.34% | -5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 24.97% | 58.31% | -33.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.90% | 58.90% | -25.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.93% | 36.15% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.93% | 31.83% | +2.10% |
Dividends
SKWD vs. SLV - Dividend Comparison
Neither SKWD nor SLV has paid dividends to shareholders.
Frequently Asked Questions
SKWD and SLV have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (16.34%) compared to SKWD (10.45%). In terms of maximum drawdown, SKWD dropped -36.52% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.94 vs -0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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